OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/CHF – oscillating 0.9565/90

FXstreet.com (London) - The Swissie has been oscillating in the higher bracket of the recent range between 0.9520 and 0.9590 this afternoon in the European session.

The pair requires closes above 0.9475, which was last weeks consolidation zone, if it is going to be able to hang in there and attract even further bids in an already overbought market with momentum signals pointing towards this. The pair is targeting 0.9590/95 and then 0.9630 as down side moves are evidentially limited in the a descending channel above 0.9495.

US: Redbook Index rose 0.7% MoM

The Redbook index rose 0.7% on a monthly basis, and 2.8% over the last twelve months, against previous prints at -2.5% and +2.3%, respectively...
Read more Previous

Session Recap: Mild risk aversion supports the USD

The European session saw most pairs consolidating within its recent ranges, although risk aversion emerged after disappointing German data. Against this backdrop, commodity currencies are underperforming with USD/CAD reaching 2-week highs and AUD/USD briefly dipping below 0.9900.
Read more Next
Start livechat